FTSE 100
NeutralArchived analysis from Oct 22, 2026, 3:31 AM
Key insight
10,800 round-number resistance unbroken — FTSE needs a daily close above to extend the 2026 rally; failure keeps index rangebound between 10,600 and 10,800 with oil at $98 providing partial support to energy heavyweights.
Holding 10,722 — index trades flat near 2026 highs but stalls below 10,800 resistance as Europe-wide selling pressure caps upside; GBP/USD stable at 1.3307 limits FX-earnings tailwind.
Main risk
Sterling strength vs USD
GBP/USD at 1.3307 compresses overseas earnings for FTSE 100 multinationals; further GBP gains toward 1.35 would weigh on index EPS estimates.
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